Gen Digital (NASDAQ:GEN) Issues Earnings Results

Gen Digital (NASDAQ:GEN) issued its quarterly earnings data on Thursday. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.03), Zacks reports. Gen Digital had a return on equity of 55.47% and a net margin of 16.08%.

Gen Digital Trading Up 0.9 %

NASDAQ:GEN traded up $0.26 during mid-day trading on Thursday, hitting $27.89. 5,560,955 shares of the stock traded hands, compared to its average volume of 2,885,761. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 3.40. The stock has a market capitalization of $17.19 billion, a price-to-earnings ratio of 28.46, a PEG ratio of 1.29 and a beta of 0.82. Gen Digital has a 52 week low of $19.08 and a 52 week high of $31.72. The firm’s 50 day moving average is $28.61 and its two-hundred day moving average is $27.41.

Analyst Ratings Changes

Several equities analysts have commented on GEN shares. Wells Fargo & Company upgraded shares of Gen Digital to a “strong-buy” rating in a research report on Thursday, October 24th. UBS Group upgraded Gen Digital to a “strong-buy” rating in a research report on Wednesday, December 4th.

About Gen Digital

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.